Daily Dispatches

Will America lose its AAA credit rating?

Submitted by cpowell on Sun, 2005-06-05 03:00 Section: Daily Dispatches

By Eduardo Porter
The New York Times
Sunday, June 5, 2005

http://www.nytimes.com/2005/06/05/business/yourmoney/05view.html?
th&emc=th

Guess who's paying for America's spending binge -- for the
ballooning credit card bills, the scramble for homes, the country's
gaping budgetary hole.

Poor countries have become the financiers of the United States,

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N.Y. Times Magazine notes gold but pointedly avoids manipulation issue

Submitted by cpowell on Sat, 2005-06-04 03:00 Section: Daily Dispatches

By Alan Murray
The Wall Street Journal
Wednesday, June1,2005

Economists are reading the wrong fairy tale. This isn't
a "Goldilocks" economy -- not too hot, not too cold -- as many have
called it. Instead it's more like "The Emperor's New Clothes."

The emperor, in this case, is Federal Reserve Board Chairman Alan
Greenspan. For the past year he has been telling us he is tightening

Read more about N.Y. Times Magazine notes gold but pointedly avoids manipulation issue

Alan Murray: Rates lay bare the challenge to Greenspan

Submitted by cpowell on Thu, 2005-06-02 03:00 Section: Daily Dispatches

11:02p ET Wednesday, June 1, 2005

Dear Friend of GATA and Gold

Resource Investor has posted an edited transcript
of a debate between its editor, Tim Wood, and James
Turk, editor of the Freemarket Gold & Money
Report, founder of GoldMoney, and consultant to
GATA, on whether the gold market is manipulated.
The debate was held a week ago during the New
York Institutional Gold Conference. Audio of the

Read more about Alan Murray: Rates lay bare the challenge to Greenspan

A debate over whether the gold market is manipulated

Submitted by cpowell on Wed, 2005-06-01 03:00 Section: Daily Dispatches

From AFX News
Tuesday, May 30, 2005

http://www.forbes.com/markets/feeds/afx/2005/05/30/afx2064323.html

BEIJING -- China is exploring ways to use some of its huge foreign
exchange reserves to buy imported oil, the Shanghai Securities News
reported, citing an unidentified source.

The newspaper said the plan, which was first proposed as early as

Read more about A debate over whether the gold market is manipulated

European Central Bank warns of ''disruptive unwinding of imbalances''

Submitted by cpowell on Tue, 2005-05-31 03:00 Section: Daily Dispatches

From Canadian Press
Monday, May 30, 2005

http://www.canada.com/businesscentre/story.html?id=f164422c-2c54-
408d-8cbe-3fb8298b23b5

MONTREAL -- A growing imbalance in the global economy, exacerbated
by a rampant U.S. deficit as the rest of the world records
surpluses, needs to be addressed soon before it gets resolved "in an

Read more about European Central Bank warns of ''disruptive unwinding of imbalances''

Ted Butler tells silver investors to learn from the copper manipulation blowup

Submitted by cpowell on Tue, 2005-05-31 03:00 Section: Daily Dispatches

ECB Sees Risk of Disruptive Unwinding
of Imbalances, Severe Pressure on Dollar

By Steve Whitehouse
AFX News
Tuesday, May 31, 2005
http://www.forbes.com/markets/feeds/afx/2005/05/31/afx2066670.html

FRANKFURT -- Global current account imbalances pose a threat to
financial market stability, the European Central Bank said.

Read more about Ted Butler tells silver investors to learn from the copper manipulation blowup

''We know money,'' AIG ads say as company admits scamming $4 billion

Submitted by cpowell on Tue, 2005-05-31 03:00 Section: Daily Dispatches

By Ted Butler
InvestmentRarities.com
Tuesday, May 31, 2005

First a quick word on the structure in various markets, as defined
by the commitment of traders (COT) report, and then a follow-up on
something I wrote about last week.

The move down in gold and up in the dollar as a result of the French
vote, augments the existing structure, and the reversal, when it
comes, should be powerful.